 but have also rewarded him with far higher profits.){kind=link}
The founder and CEO of People Group, Anupam Mittal, said that sixty to seventy companies in his portfolio have gone out of business without making any money. “My investments in these companies have gone into total loss,” he said on the fourteenth episode of Shark Tank India 2.
He stated that it is difficult for every investment to be successful. He added, “It’s not feasible to expect profits from every firm where you invest your money,”
He stated that the 15–20 companies he has invested in have helped him recoup his losses (from investing in failing businesses) and rewarded him with far higher profits.
“This is known as the portfolio method to investment, and you cannot get obsessed with particular losses.”
He says he is more intelligent about investments, letting him sleep well at night.
Shaadi.com’s founder and prominent angel investor, Mittal, is a household name in the Indian community. Among the numerous successful startups and “unicorns” he has backed are Ola Cabs, BigBasket, and drone startup Druva.
About 240 companies have benefited from Anupam’s investment.
Twitter
Throughout Season 1 of Shark Tank India, he invested a total of Rs 5.4 crore (about $800,000) across 24 different businesses.
SonyTV
Seventy percent are run by young people just starting a company, fifty percent by women, and thirty percent by families.
So far in Week 2, Mittal has spent approximately Rs 2.92 crore on Season 2. The official Shark Tank website says Mittal is worth between $20 and $25 million.
Are Shark Tank India 2’s judges drowning in losses?
Author Ankit Uttam, who has 16,000 LinkedIn followers, dove into the topic last week, explaining why these “Sharks” are not qualified to provide sensible advice to budding entrepreneurs because their companies are losing money.
Besides Aman, he said, all the other “Sharks” run companies that incur losses.
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